Why the Housing Market may finally be Coming Back

One of the biggest factors contributing to the lackluster recovery is the still depressed housing market. There is too much unsold inventory, and it is still difficult for some qualified buyers to get a loan. In addition, the most recent Case-Shiller data was disappointing. However, there is some evidence that housing may be making a quiet comeback. Here are three reasons to believe a housing renaissance

a reality: 1)There is a lot of pent up demand 2)Mortgage rates remain at historic lows, and 3)Employment is better, and some of this improvement is in areas with higher inventories of unsold homes. Add this to the recent positive earnings reports, and price action, in housing related stocks like Home Depot and Toll Brothers, and it just may be that housing is finally making a comeback.

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